Enbridge Inc., a Calgary, Alberta, Canada-based oil and gas company, has closed on its acquisition of the Questar Gas Co. and its affiliated Wexpro companies from Dominion Energy Inc. The Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming and in Idaho as Enbridge Gas Idaho. The Questar entities will join Enbridge’s Gas Distribution and Storage business unit.
Questar Gas is a multi-state utility that distributes natural gas in Utah, southwestern Wyoming and southeastern Idaho, serving approximately 1.2 million customers in service territories with fast-growing economies and populations. Questar Gas Co. has a cost-of-service supply agreement with Wexpro, which helps ensure reliability and affordability for Questar Gas’s customers, the compnay said. Questar Gas’s asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility and interconnections to multiple interstate natural gas pipelines.
“We are excited to welcome another strong gas utility to Enbridge. Questar Gas and Wexpro enhance the scale and breadth of our existing low-risk utility business model and support our long-term dividend growth profile by providing stable, predictable cash flows,” said Michele Harradence, Enbridge executive vice president and president of Enbridge’ Gas Distribution and Storage unit. “We welcome Questar Gas and Wexpro employees into the Enbridge family of companies and look forward to building long-term productive relationships with all of their stakeholders in Utah, Wyoming and Idaho.”